FY2017 EPS Estimates for Autoliv, Inc. Raised by Jefferies Group (ALV)

Autoliv, Inc. (NYSE:ALV) – Jefferies Group raised their FY2017 earnings per share (EPS) estimates for Autoliv in a report issued on Thursday. Jefferies Group analyst A. Kurian now expects that the auto parts company will post earnings of $6.32 per share for the year, up from their previous estimate of $6.19. Jefferies Group currently has a “Buy” rating and a $145.00 price target on the stock.

Autoliv (NYSE:ALV) last posted its quarterly earnings data on Thursday, October 26th. The auto parts company reported $1.47 EPS for the quarter, topping the consensus estimate of $1.33 by $0.14. The company had revenue of $2.50 billion during the quarter, compared to analyst estimates of $2.50 billion. Autoliv had a net margin of 4.96% and a return on equity of 13.42%. Autoliv’s quarterly revenue was up 1.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.63 earnings per share.

Several other research analysts have also commented on the stock. Evercore ISI reaffirmed an “underperform” rating and set a $100.00 price objective (up from $85.00) on shares of Autoliv in a research note on Monday, September 18th. Deutsche Bank reiterated a “hold” rating and set a $120.00 target price (up from $101.00) on shares of Autoliv in a research report on Thursday, September 14th. Zacks Investment Research upgraded Autoliv from a “hold” rating to a “buy” rating and set a $140.00 target price for the company in a research report on Wednesday, November 1st. Citigroup lifted their target price on Autoliv from $105.00 to $129.00 and gave the stock a “neutral” rating in a research report on Friday, September 15th. Finally, KeyCorp lifted their target price on Autoliv from $124.00 to $136.00 and gave the stock an “overweight” rating in a research report on Friday, September 15th. Four equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and nine have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $109.23.

Autoliv (ALV) traded up $1.10 during midday trading on Friday, reaching $127.92. 382,600 shares of the company’s stock traded hands, compared to its average volume of 537,560. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.55 and a quick ratio of 1.23. The stock has a market capitalization of $11,150.00, a price-to-earnings ratio of 20.26, a price-to-earnings-growth ratio of 2.47 and a beta of 1.10. Autoliv has a 52 week low of $96.08 and a 52 week high of $128.24.

Institutional investors have recently made changes to their positions in the business. Toronto Dominion Bank grew its stake in shares of Autoliv by 11.7% during the second quarter. Toronto Dominion Bank now owns 1,085 shares of the auto parts company’s stock worth $119,000 after acquiring an additional 114 shares during the last quarter. Victory Capital Management Inc. grew its stake in shares of Autoliv by 43.9% during the second quarter. Victory Capital Management Inc. now owns 1,356 shares of the auto parts company’s stock worth $149,000 after acquiring an additional 414 shares during the last quarter. Teachers Advisors LLC grew its stake in shares of Autoliv by 288.3% during the second quarter. Teachers Advisors LLC now owns 1,425 shares of the auto parts company’s stock worth $156,000 after acquiring an additional 1,058 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of Autoliv by 9.8% during the second quarter. JPMorgan Chase & Co. now owns 1,920 shares of the auto parts company’s stock worth $210,000 after acquiring an additional 171 shares during the last quarter. Finally, Pacer Advisors Inc. grew its stake in shares of Autoliv by 8.1% during the second quarter. Pacer Advisors Inc. now owns 1,944 shares of the auto parts company’s stock worth $213,000 after acquiring an additional 145 shares during the last quarter. Institutional investors and hedge funds own 33.53% of the company’s stock.

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About Autoliv

Autoliv, Inc is a supplier of automotive safety systems with a range of product offerings, including passive safety systems and active safety systems. The Company operates through two segments: Passive Safety and Electronics. The Passive safety products include modules and components for passenger and driver-side airbags, side-impact airbag protection systems, seatbelts, steering wheels, inflator technologies, whiplash protection systems and child seats, and components for such systems, as well as passive safety electronic products, such as restraint electronics and crash sensors.

Earnings History and Estimates for Autoliv (NYSE:ALV)

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